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Barb have you done the FR exam already? If you have, could you offer me some advice or thoughts on how i should approach the questions in each section. I would greatly appreciate it. Thanks!
I realize i missed the 20 year original life of the property at cost! Other than that there is no more information provided. This a Section A question.
Hi. Can you please explain why the depreciation for the specialist plant for contract is mutiplied by half? Maybe its really obvious but my brain is probably too tired to figure it out. Please help!!!
Hey i cant find the answer to the question 31. They skipped over it at the debrief videos as well.
Can i know where i can find the answer to this question.
Thank you so much!And also please explain why the deferred tax is added and not subtracted from the income tax expense.
Thank you so much. I actually watched the lecture on this and it was super helpful as well.
Hi Jilly B. I have read the chapter on rental income and i have watched the lectures but i can’t seem to understand how to arrive at the answer. I would appreciate if you can explain. And i guess i let the exam stress get to me sometimes. so apologies for being pushy.
Q.268.) On 1 July 2020, Maison Ltd purchased a freehold warehouse. The warehouse is currently surplus to requirements, so it was let out from 1 November 2020. However, the warehouse was purchased in a dilapidated state and could not be let until repair work was carried out during August 2020. This fact was represented by a reduced purchase price. Your assistant has listed any income and expenditure that is potentially relevant:
1 July 2020-Insurance for the period to 31 March 2021-(1,035)
August 2020-Initial repairs -{17,680)
28 September 2020-Advertising for tenants- (780)
1 November 2020-Security deposit of two months’ rent -12,200
1 November 2020-Rent for the quarter ended 31 January 2021-18,300
1 February 2021 -Rent for the quarter ended 30 April 2021 -18,300Can you please explain in detail this question how they took 2/3 of rent for 1/02/2021. Because unfortunately I still don’t understand.
